Ottawa Business Journal - Technology

Article

Print
Send to a friend
Comment (0)

Charges drag JDSU Q2 results to a loss

(Stock image)

Published on February 2, 2012; Published on February 2, 2012
OBJ Staff

JDSU recorded a US$10.2 million quarterly loss on charges for restructuring and other items, the firm stated.

Topics :: JDS Uniphase , Ottawa , Thailand

GAAP figures also showed net revenue of $412.8 million in Q2 compared with $473.5 million the year before.

In the December quarter the year before, the firm posted a $23.6 million profit, or 10 cents a share.

The California-based company was formerly headquartered in Ottawa as JDS Uniphase, and still has a significant local presence.

JDSU previously lowered its Q2 guidance due to Thailand flooding.

In a statement Monday, JDSU chief executive Tom Waechter said the quarter had surpassed company expectations.

"The outstanding efforts of our team and our manufacturing partner in Thailand, coupled with our continued focus on expense control, resulted in revenue and operating income that exceeded our guidance," he stated.

"Our balance sheet remains strong and we generated over $45 million of cash from operations during the quarter."

The firm forecasts non-GAAP net revenue of $410 million to $425 million in the coming quarter.

Rate
Top of the page

Submit a comment

Submit a comment Your name* Email* (we keep all emails private) Write your comment here*

Agreement

We ask that users remain courteous. You may not post insulting, discriminatory or inappropriate content, which may be removed at our discretion. We are not responsible for user content and opinions. Use of this site as well as content submission & ownership are governed by our Conditions of Use and Privacy Policy.

Member organizations should be non-profit in nature, and promote legal activities. Any organization found promoting illegal activities or commercial products or services will be deleted from the site.

I agree with these conditions.